Saxo Bank will use Fix8Pro software as part of “a new high performance market connectivity engine”, Fix8 said.

Saxo Bank chief technology officer Michael Andre said the software provided a “lightweight turnkey fix engine as a component that we could integrate easily into our framework and solution”.

“Fix8Pro has allowed us quicker time to market while retaining flexibility and execution speed close to a home- built solution but without the sacrifices involved in more heavy-handed frameworks,” Mr Andre said.

Fix8 chief executive David Dight said Fix8Pro used “self-generating code and intelligent capabilities” to support FIX connections, reduce latency and improve reporting to both the firm and their clients.